Agriculture and Food Processing Sector : Growth Prospects

REPORT ON Agriculture and Food processing Sector : harvest-time prospects BACKGROUND While the Indian economys growth in the recent years, has been propelled by the growth of the service and manufacturing sectors, agriculture slake plays a significant role by contributing 17% of the GDP and providing employment to 60% of the population. With the increasing focus and investments from the enormous national and international provender and retail companies, the sector is hold to grow much faster in the coming years. As this sector has a strong social implication, it has also been accorded a high priority status by the Government, which is facilitating its growth by charting favourable initiatives at different policy levels. The changing enjoyment dynamics coupled with the growth of modern retail, the processed viands industryoffers tremendous opportunities for all stakeholders in the areas of production, processing, marketing,supply chain, infrastructure development, technology up gradation and education. FOOD INDUSTRY OVERVIEW The size of the Indian provender industry is estimated at about US$ 236 bn. It is growing at about 5% year on year (YoY) and ordain reach US$ 314 bn by 2015. The processed forage atoms contribution is currently at about 43% i.e.

US$ 120 bn, this is expected to grow much faster, and conduce about 50% to the total food market by 2015. The proportion andvalue of each sector in the Indian food processing industry is shown in Exhibit 1. The processed food industry is highly fragmented and is dominated by the uncoordinated sector. The organized food processing segment contributes about 30% of the market; however with the entry of large players both interior(prenominal) and international, the market is expected to growing at 25% per annum and bequeath account for 40% of the market by the next 5 years. At the moment the Indian food market is quiesce dominated by the staples like wheat, rice and pulses followed by fruits & adenosine monophosphate; vegetables and dairy products with... If you want to get a full essay, aver it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.